GeorgiaStandards.org
Using Connecting Themes in First Grade Social Studies
Foster contributing members of society with a social studies unit focused on five aspects of community. First graders discuss themes of culture, groups, location, scarcity, and change with discussion questions and activities about...
University of Texas
Scarcity
How can having too little of something impact your life? Scholars investigate the concept of scarcity in their own lives and in the overall picture of the economy. Brainstorming activities as well as student-parent work bring to light...
Federal Reserve Bank
Monster Musical Chairs and Scarcity
Why can't we have everything we want? Youngsters are introduced to the concept of scarcity through a game of musical chairs and by discussing what it takes to satisfy our wants.
Education Fund
Fear the Scarce Resources
In a life or death situation, what resources would you choose to survive—and why? A zombie attack simulation teaches learners the concepts of scarcity and resources in regards to economics. The hands-on activity requires individuals to...
Open Oregon Educational Resources
Principles of Microeconomics: Scarcity and Social Provisioning
There’s no such thing as a free economics course, but here's a resource that is as close as you can get. Drawing on the expertise of a textbook, augmented by input from higher education economics instructors, a helpful eBook presents a...
Curated OER
Social Studies Integrated with Writing Lesson Plan
First graders access prior knowledge about goods and pricing. In this scarcity activity, 1st graders understand the meaning of scarcity and how it effects people. Students prepare for a boat trip and choose three things to bring with...
Center for Entrepreneurship and Economic Education
Popcorn Economics
Scarcity of resources is a fundamental economics concepts that kids need to understand. You'll use a large bag of popcorn to demonstrate this concept. Have the class come up row-by-row to fill their snack bags with popcorn. By the last...
Federal Reserve Bank
Choices Are Everywhere: Why Can’t We Just Have It All?
Here is a resource covering a range of terms and concepts regarding scarcity, opportunity cost, and government debt in economics.Â
Carolina K-12
Factors of Production and Economic Decision-Making
Class members begin this engaging economics activity by listing all the resources used in producing a car and using that example to draw parallels to the four primary factors of production: capital goods, labor, natural resources, and...
Curated OER
Chapter 2: The Economizing Problem
It doesn't take a lecture on economics to convince teenagers that one's wants often exceed one's means, but this presentation will hopefully help them to understand the discrepancy. Using an example of pizza and robot arms, the slides...
Carolina K-12
Sample Test: Economics
From scarcity and marginal benefits and costs to economic systems and GDP, this 22-question multiple choice test covers some of the most fundamental concepts of economics.
Carolina K-12
Practice Test of Economics
From scarcity and supply and demand to entrepreneurship and the stock market, here you'll find a multiple-choice assessment that includes 34 questions covering all the major concepts of a traditional economics course.Â
Council for Economic Education
Teaching Economics Using Children's Literature
Introduce young learners to the subject of economics using their favorite stories and books. Including 24 separate lessons, this guide covers economic principles such as trade, scarcity, consumer goods and services, renewable and...
Curated OER
Economics Study Guide
Use this resource as a basic review of economic principles. There are six questions relating to the factors of production, opportunity costs, wants and needs, tangibles and intangibles, and more.
Curated OER
Scarcity and Choice: Mercantilism - the relationships between England, Africa, and the Americas
Students trace the meaning and importance of mercantilism; past and present.
Curated OER
Location of Resources in Early Civilizations
Sixth graders define scarcity and opportunity costs.
Curated OER
Values, Wants, and Needs
Build a basic understanding of four fundamental economic principles. Defined here are the concepts of value, scarcity, want, and need. All of these terms are very important to understand when discussing economic choices or cost/benefit...
Curated OER
Why do wars occur?
Understanding the causes of war is one way (possibly) to prevent it. World War II is used as a case study to facilitate an understanding of reasons why wars start. Topics covered included Totalitarianism, scarcity of resources, need for...
Curated OER
WHO Wants Clean Water! Do You? Solving Conflicts Over International Water Rights Issues
Students examine the water rights on an international scale. In this social studies lesson, students research on a specific water rights issue. They write a paper about their findings and create a PowerPoint presentation which they share...
Pulitzer Center
Food Insecurity
Food insecurity, whether as a result of food scarcity or a lack of nutritious food, is a growing and serious problem in the world today. After discussing the concept of food insecurity, learners listen to an NPR radio broadcast on the...
Curated OER
Scarcity and Opportunity Cost - To Choose Is To Refuse
Students are introduced to scarcity and opportunity costs. They discuss how different societies allocate their resources differently based on their needs. Illustrating trade offs, they create a production possibility frontier. They...
Carolina K-12
Comparing Economic Systems
How do people make decisions in a world where wants are unlimited but resources are not? How do individuals and governments utilize scarce resources (human, natural, and capital) in different economic systems? Introduce your learners to...
Curated OER
Houghton Mifflin Social Studies/Chapter 13, Lesson 1 The Past Shapes the Future (pp. 292-295)
Fourth graders reflect upon the events of the past in order to make cognitive connections to present or future history. Students use Blooms Taxonomy to attain higher levels of thinking.
Curated OER
The Foundation of Economics
This is a one-stop shop as an introduction to Economics; review 53 slides covering the basics of most economics principles with images and instructor notes. Journey from Adam Smith and the foundation of modern economics to concepts such...